1350.0 - Australian Economic Indicators, Nov 2008  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 31/10/2008   
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Contents >> Incomes & Labour Costs >> Labour Costs

LABOUR COSTS

Labour Costs

Average earnings (national account basis) (dollars per week)(a)
Indexes of average unit labour costs(b)
Period
Nominal
Real(c)
Hourly labour costs index(b)(d)
Private non-farm corporate sector (real)(e)
Non-farm sector (real)(f)
Non-farm sector (nominal)(g)

Annual average

2005-06
1 008
1 008
100.0
100.0
100.0
100.0
2006-07
1 050
1 020
103.5
98.9
98.6
103.1
2007-08
1 099
1 037
107.3
98.4
98.2
107.0

Quarterly

2005-2006
June
1 022
1 012
102.1
99.8
99.2
101.5
2006-2007
September
1 027
1 004
102.6
99.4
98.6
102.0
December
1 044
1 016
102.0
97.9
98.2
102.1
March
1 054
1 021
103.7
98.7
98.7
103.5
June
1 076
1 038
105.7
99.7
98.9
104.9
2007-2008
September
1 088
1 039
106.4
99.9
99.0
105.6
December
1 092
1 033
104.4
97.3
98.3
104.9
March
1 100
1 033
107.9
98.8
99.0
108.1
June
1 118
1 045
110.3
97.5
96.5
109.4

(a) Average non-farm wages, salaries and supplements per wage and salary earner. Seasonally adjusted data.
(b) Base for index: 2005-06 = 100.0.
(c) Deflated by the Gross National Expenditure deflator.
(d) Non-farm wages, salaries and supplements, plus payroll tax less employment subsidies plus fringe benefits tax per hours worked by non-farm wage and salary earners.
(e) Ratio of derived private non-farm corporate wages, salaries and supplements plus payroll tax less employment subsidies, plus fringe benefits tax paid by the private non-farm corporate sector to derived private non-farm corporate sector gross product at factor cost plus payroll tax less employment subsidies plus fringe benefits tax.
(f) Nominal unit labour costs (see footnote (g) deflated by the derived implicity price deflator for gross non-farm product.
(g) Ratio of nominal hourly labour costs to average hourly labour productivity (real gross non-farm product per hour worked by all employed persons).
Source: Australian National Accounts: National Income, Expenditure and Product, (cat. no. 5206.0)








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